Wacker Expands Production Plants in South Korea
October 9, 2017
Wacker Chemie AG has expanded its existing production plants for polymer binders in South Korea. The Munich-based chemical company plans to build a new spray dryer for dispersible polymer powders at its Ulsan site. The dryer will reportedly have a total capacity of 80,000 metric tons per year.
WACKER also plans to build a further reactor for dispersions based on vinyl acetate-ethylene copolymer (VAE). Its dispersions will be used in the spray dryer to produce dispersible polymer powders. According to WACKER, Ulsan’s plant complex, which covers the entire product chain from VAE dispersions to dispersible polymer powders, will be one of the largest of its kind worldwide. Capital expenditures of around €60 million are budgeted for the capacity increase and for expanding local infrastructure. Construction is scheduled to start before the end of the year and is expected to be finished by Q1 2019.
WACKER stated that urbanization, renovation, and energy efficiency are stimulating demand for environmentally compatible dry-mix mortar products, spurring demand from its customers for high-quality dispersible polymer powders. “The new facilities will not only secure WACKER’s supply chain in South Korea in the years ahead, but will also enable us to supply first-class, locally manufactured products and solutions to our regional customers to meet their specific needs,” said Dal-ho Cho of the Korean subsidiary Wacker Chemicals Korea.